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%\usepackage{opensans}          % Can't make this work so far. Shame. Would be lovely.
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% Most of the following are not required for the majority
% of cheat sheets but are needed for some symbol support.
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% Document Info
\author{bonjourbubbles}
\pdfinfo{
  /Title (mbi-615.pdf)
  /Creator (Cheatography)
  /Author (bonjourbubbles)
  /Subject (MBI 615 Cheat Sheet)
}

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% Header and Footer
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\fancyhead[L]{
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{C}
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    \vspace{-7pt}
    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
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\columnbreak
\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{MBI 615 Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{bonjourbubbles} via \textcolor{DarkBackground}{\uline{cheatography.com/70412/cs/17850/}}}
\end{tabulary}
\end{multicols}}

\fancyfoot[L]{ \footnotesize
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{LL}
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}bonjourbubbles \\
  \uline{cheatography.com/bonjourbubbles} \\
  \end{tabulary}
\vfill
\columnbreak
\begin{tabulary}{5.8cm}{L}
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 10th November, 2018.\\
   Page {\thepage} of \pageref{LastPage}.
\end{tabulary}
\vfill
\columnbreak
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  \vspace{-5pt}
  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
\end{tabulary}
\end{multicols}}




\begin{document}
\raggedright
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% from this page to resize cheat sheet text:
% www.emerson.emory.edu/services/latex/latex_169.html
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\begin{multicols*}{3}

\begin{tabularx}{5.377cm}{x{2.18988 cm} x{2.78712 cm} }
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Inventory Analysis}}  \tn
% Row 0
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Objectives to control inventory & 1. Safeguard inventory from damage/theft. 2. report inventory on financial statements \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
Purchase Order: & authorizes purchase of inventory from approved vendor \tn 
% Row Count 7 (+ 3)
% Row 2
\SetRowColor{LightBackground}
Receiving Report: & Establishes an initial record of the receipt of inventory \tn 
% Row Count 10 (+ 3)
% Row 3
\SetRowColor{white}
Subsidiary inventory ledger: & Recording inventory for perpetual inventory system \tn 
% Row Count 13 (+ 3)
% Row 4
\SetRowColor{LightBackground}
Physical Inventory: & Count of inventory should be taken near year-end to make sure quantity of inventory reported in financial statements is accurate \tn 
% Row Count 19 (+ 6)
% Row 5
\SetRowColor{white}
Average Unit Cost= & Total Cost of Units Available for Sale / Units Available for Sale \tn 
% Row Count 22 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Inventory Cost Flow Assumptions}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{{\bf{specific identification inventory cost flow method}}} \tn 
\mymulticolumn{1}{x{5.377cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}the unit sold is identified with a specific purchase} \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{{\bf{first-in, first out (FIFO) inventory cost flow method}}} \tn 
\mymulticolumn{1}{x{5.377cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}the first units purchased are assumed to be sold first and the ending inventory is made up of the most recent purchases} \tn 
% Row Count 9 (+ 5)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{5.377cm}}{{\bf{last-in, first out (LIFO) inventory cost flow method}}} \tn 
\mymulticolumn{1}{x{5.377cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}the last units purchased are assumed to be sold first and the ending inventory is made up of the first units purchased} \tn 
% Row Count 14 (+ 5)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{{\bf{average inventory cost flow method}}} \tn 
\mymulticolumn{1}{x{5.377cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}the cost of the units sold and in ending inventory is an average of the purchase costs} \tn 
% Row Count 17 (+ 3)
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Inventory Cost Flow Assumptions}}  \tn
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\mymulticolumn{1}{p{5.377cm}}{\vspace{1px}\centerline{\includegraphics[width=5.1cm]{/web/www.cheatography.com/public/uploads/bonjourbubbles_1541824148_Cost flow assupti.png}}} \tn 
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\par\addvspace{1.3em}

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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{INVENTORY TURNOVER}}  \tn
% Row 0
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\mymulticolumn{2}{x{5.377cm}}{Measures relationship between cost of merch sold and amount of inventory carried during the period} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
INVENTORY TURNOVER = & Cost of Merch Sold / Average Inventory \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
NUMBER of DAYS' SALES in INVENTORY = & Average Inventory / Average Daily Cost of Merch Sold \tn 
% Row Count 7 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{FIFO}}  \tn
\SetRowColor{LightBackground}
\mymulticolumn{1}{p{5.377cm}}{\vspace{1px}\centerline{\includegraphics[width=5.1cm]{/web/www.cheatography.com/public/uploads/bonjourbubbles_1541825139_FIFO.PNG}}} \tn 
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{PERPETUAL INVENTORY}}  \tn
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{PERPETUAL INVENTORY 2}}  \tn
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Recording Merchandise Transactions}}  \tn
% Row 0
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Purchases: & of inventory are recorded in purchases account RATHER than in merchandise inventory account \tn 
% Row Count 5 (+ 5)
% Row 1
\SetRowColor{white}
Purchase Discounts & Normally recorded in separate purchases discounts account. Balance of purchases discounts account is recorded as deduction from PURCHASES for the period. \tn 
% Row Count 12 (+ 7)
% Row 2
\SetRowColor{LightBackground}
Purchases Returns \& Allowances: & Recorded in similar manner to purchase discounts \tn 
% Row Count 15 (+ 3)
% Row 3
\SetRowColor{white}
Freight In: & When merchandise is purchased FOB shipping point, the buyer pays for the freight. Under the periodic inventory system, freight paid when purchasing merchandise FOB shipping point is debited to Freight In \tn 
% Row Count 25 (+ 10)
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\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{PERIODIC INVENTORY}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{{\bf{FIFO}} the earliest  batch purchased is considered the first batch of merchandise sold. The physical flow does not have to match the accounting method chosen. This time we will be examining the periodic inventory system} \tn 
% Row Count 5 (+ 5)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{{\bf{LIFO:}} most recent batch purchased is considered the first batch of merchandise sold. The actual flow of goods does not have to be LIFO. For example, a store selling fresh fish would want to sell the oldest fish first (which is FIFO), even though LIFO is used for accounting purposes} \tn 
% Row Count 11 (+ 6)
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{PERIODIC}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{Sometimes called the {\bf{weighted average method}}. It uses the average unit cost for determining cost of merchandise sold and the ending merchandise inventory} \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{{\bf{Average Unit Cost =}} Total Cost of Units Avail for Sale / Units Avail for Sale} \tn 
% Row Count 6 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{AVERAGE COST METHOD}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{{\bf{Average Cost Method:}} used in a perpetual system, an average unit cost for each item is computed each time a purchase is made} \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{5.377cm}}{This unit cost is then used to determine the cost of each sale until another purchase is made and a new average is computed. This is called a {\bf{moving average}}} \tn 
% Row Count 7 (+ 4)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{PERIODIC INVENTORY}}  \tn
\SetRowColor{LightBackground}
\mymulticolumn{1}{p{5.377cm}}{\vspace{1px}\centerline{\includegraphics[width=5.1cm]{/web/www.cheatography.com/public/uploads/bonjourbubbles_1541826259_6.4.PNG}}} \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
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\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{p{0.4977 cm} p{0.4977 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{INVENTORY COSTING METHODS}}  \tn
% Row 0
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\mymulticolumn{2}{x{5.377cm}}{} \tn 
% Row Count 0 (+ 0)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
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\begin{tabularx}{5.377cm}{p{0.4977 cm} p{0.4977 cm} }
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{INVENTORY ERRORS}}  \tn
% Row 0
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\mymulticolumn{2}{x{5.377cm}}{} \tn 
% Row Count 0 (+ 0)
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\par\addvspace{1.3em}


% That's all folks
\end{multicols*}

\end{document}